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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2857

News

Cargills riding high in all sectors of its business ventures

By Quintus Perera – Asian Tribune

Cargills (Ceylon) Ltd adopts a novel farmer out-grower system and buying process completely new to Sri Lanka which while helping the farmers and the consumers are making great strides forward in the turnover, profits and recruitment of a large number of youth, making a special effort on rural youth. Presenting the Annual Report 2005/06 of the Company, Anthony A Page, and Chairman indicates the Cargills Group has achieved a turnover of Rs 14.2 Billion reflecting a growth of 33 percent over the previous year turnover of Rs 10.7 Billion. The Company achieved a turnover of Rs 8.2 billion which reflects a growth of 12 percent over the previous year’s turnover of Rs 7.3 billion.

Norwegian envoy to arrive to salvage Sri Lanka Monitoring Mission

By Our Colomob Correspondent

BauerNorwegian special envoy Jon Hanssen Bauer will arrive in the island This week to salvage the ceasefire monitoring mission from an impending collapse after the Tamil Tigers insisted on the removal of the EU nationals from the SLMM. Hanssen Bauer will meet the government officials, SLMM and travel to Kilinochchi for talks with the LTTE leadership. "Thrust of his visit is to mediate a solution to the current stalemate over the future operations of the SLMM," said Sri Lankan government's Defence Affairs spokesman and Minister Keheliya Rambukwella.

"Can use biogas as a fuel" - Biogas Expert

Sunil C.Perera - Reporting from Colombo

A Sri Lankan bio-energy expert Parakrama Jayasingha says Sri Lanka can produce sufficient biogas quantity to meet the present transport fuel needs. He said biogas is a mixture of methane, carbon dioxide and traces of other gases .carbon dioxide and the trace gases could be removed by simple process.“Methane gas thus produced is very similar to ‘Natural gas ‘used in many countries for many different applications including transport vehicles.

Seirra declares 5 percent dividend as post tax profit increases by 56 percent

By Quintus Perera – Asian Tribune

Seirra Cables Ltd has made great strides during the year under review with turnover growth of 38 percent from Rs 752 million in 2005 to Rs 1,038 million in 2006. After acquiring Alucop Cables Ltd four years ago Seirra had humble beginnings with a market share of only 7 percent but today the share has climbed to 20 percent by 2005. Priyantha Perera, Chairman, Seirra in the Annual Report of the Company indicated the post tax profits reflected a 56 percent increase from Rs 64 million a year ago to Rs 100 million during the year under review.

23rd March 2006 – 1st July 2006 : Hundred day protest and hunger strike against the Coca-Cola Company

By Nandlal Master

For the past four years, Lok Samiti and the local community have been organizing a struggle against the Coca-cola bottling plant in Mehndiganj with solidarity and support from the National Alliance of Peoples movement and other groups. So far,we have demonstrated before the Coca-Cola bottling plant, the district headquarters, the pollution control board and the government assembly house. We have met with representatives from district to central government and have explained the impact of the plant in the community but no action has been taken so far.

Ranil paralyzed by "Mama syndrome": Milinda quits Political Affairs

RanilRanil Wickremesinghe, the failed leader of the UNP, faced another body blow yesterday when his closest ally, Milinda Moragoda, attacked the Poltiburo and pulled out of the Political Affairs Committee declaring that "the committee to become dysfunctional, and detrimental to the party's interests." "The Committee," he added, "has become the means by which the public is made aware of divisions and discontentment within the party, exacerbating problems, and leading many including myself, to question its usefulness. I had hoped that, in time, a more constructive atmosphere would evolve and enable me to make a modest contribution to its work."

ASEAN opens it doors to Sri Lanka

Sri Lanka's international status got another leg up with Association of Southeast Asian Nations (ASEAN) opening its doors for admission into Asia's largest security conference. This was announced by the Malaysian Foreign Minister Syed Hamid Albar yesterday who added that it was subject to consensus approval from ASEAN Regional Forum (ARF) members.

LTTE sinks deeper into crimes against humanity by cutting off water supplies to the Tamils

The latest move of the LTTE to close the Verugal anicut (irrigation channel) at Mavil aru area in Trincomalee has backfired with farmers staging protests and the Peace Secretariat branding it as a war crime and crime against humanity. This arbitrary act has cut off water supplies to about 1,500 Tamil, Muslim and Sinhalese farmers. The closing of the sluice gates on last Thursday (June 20) will deprive the flow of water to around 30,000 acres of paddy, according to irrigation engineers. Residents in Selvanagar, in Seunuwara, Muttur, Uylankulam, Vilanapattu, Kiliveddy, Kallaru, Dehiwatta, and Neelapola will also be affected by this LTTE move to deprive water to civilians, most of whom are Tamils.

Sri Lanka's estate workers to demand for cost of living allowance

By Munza Mushtaq -- Reporting from Colombo for Asian Tribune

A likely wage hike, in accordance to the ever surging cost of living will be on the cards, when the Ceylon Workers Congress (CWC) renegotiates the collective agreement signed with the employers' federation of Ceylon (EFC) later this month. The collective agreement signed between the CWC and the employers federation will expire on July 30th, 2006. At present the daily all inclusive wage of an estate worker is Rs. 205/-. This is applicable for both men and women. However the sources said that the CWC will push for a wage hike on grounds that the present pay is insufficient for estate workers whose families are often large.

SLIM measures Brand Excellence and Performance

By Quintus Perera - Asian Tribune

In the global scenario Brands are powerful than Nations, in fact more powerful than many nations, said Wasantha Mallikarachchi, President, Sri Lanka Institute of Marketing (SLIM) during a press briefing held at the Trans Asia Hotel, Tuesday to announce the SLIM Brand Excellence 2006 Competition, the premier awards ceremony in Sri Lanka which is scheduled to be held on 5 October at the Water’s Edge Hotel.

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